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City of Redlands <br /> Summary of Services and Implementation <br /> Customer. <br /> Danielle Garcia, Management Services Director <br /> 35 Capon Street, Suite 30 <br /> Redlands, California 92373 <br /> Services- <br /> Service Capacity Use of the Standard Pension Module and Other Post-Employment Benefits Module of <br /> the Total Liability Calculator,Bi-annual GASB 75 Actuarial Valuation, one roll-forward GASB 75 <br /> actuarial valuation(collectively,the"Service(s)") <br /> Service Fees Fees are payable in advance, subject to the terms of Section 4 herein <br /> Pension Module $26,272 65 total contract value $$,500 annual licensing fee with 3%CPI increases in <br /> year 2&year 3 <br /> OPEB Module $26 272 65 total contract value $$,500 annual licensing fee with 3%CPl increases in <br /> year 2&year 3 <br /> Bi-annual GASB 75 actuarial valuation $4,000 total contract value $2,000 per report <br /> One roll-forward GASB 75 actuarial valuation $4,000 total contract value <br /> Initial Term Three-years from Effective Date <br /> Implementation Services <br /> Company will use commercially reasonable efforts to provide Customer the services described in <br /> accordance with the terms herein, and Customer shall pay Company the Implementation Fee in <br /> accordance with the tenns herein <br /> Pension Implementation Fee(One-Time) $3,500 <br /> OPEB Implementation Fee(One-Time) $4,500 <br /> SERVICE AGREEMENT <br /> This SaaS Services Agreement("Agreement")is entered into on this 17"day of October 2017 (the <br /> "Effective Date")between Govinvest, Inc ("Company"),and the Customer listed above("Customer") <br /> This Agreement includes and incorporates the above Summary of Services and Implementation,as well <br /> as the attached Terms and Conditions and contains, among other things,warranty disclaimers, liability <br /> limitations and use limitations There shall be no force or effect to any different or additional terms of any <br /> purchase order, confirmation or similar form,even if signed by the parties before or after the date hereof <br /> Govinvest Inc �- City of Redlands <br /> By By�� <br /> NameeName Paul W. Foster <br /> m <br /> Title T Title Mavor <br /> Date. - Date 10-17-17 <br /> Actuarial Services and Technology GovInvest <br /> nU�St <br /> Licensing Agreement <br /> Insigh[s to your fin.naal fu[ury <br /> Page 2 <br /> ATTEST <br /> J �neonaldson, Gita Clerk <br />